IEM Accuracy Noted

October 8, 2004 | National Review Online

In this article about the predictive nature of markets on the presidential election, it's noted that most election betting markets have George W. Bush as the favorite to win re-election. Political futures contracts, traded in smaller size on the IOWA ELECTRONIC MARKETS, a website operated by the business school of the University of Iowa, have correctly predicted every presidential popular-vote winner since 1988.